Reuters is reporting this morning that in a number of interviews the day after Seagate Technologies' stellar earnings report on Wednesday, the company's CEO, Bill Watkins, told reporters his company's next big revenue driver would be local storage for digital television.
"We are selling a phenomenal number of hard drives into this digital video recorder space," Watkins told Reuters the day after Seagate reported quarterly earnings that beat analysts' estimates and sent the stock up 4 percent on Thursday. "It's all going to be about the TV" in the next 12 to 18 months.
(Reuters)
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